DAVIE, FL--(NewMediaWire - May 5, 2015) - Vapor Group, Inc.
(OTCQB: VPOR)
(the "Company" or "Vapor Group") announced today that in a meeting
of its Board of Directors ("Board") held Friday, May 1, 2015, it
had voted to defer any consideration of a reverse split of the
Company's common stock until at the earliest January 2016.
Dror Svorai, President and CEO, said, "Even though the Company
has gone on record that there won't be a reverse split through June
30, 2015 and that a reverse split may or may not be considered for
the remainder of the year, several shareholders have expressed
concern that in the remainder of the year the Board could vote to
reverse split our common stock because of the amount of shares
issued and outstanding. Clearly the concern is that such a reverse
could negatively impact the value of our stock owned by our
shareholders. Although the number of shares issued and outstanding
remains of concern, the Board decided that in the interest of
helping to maintain investor confidence that it would publicly
state that it wouldn't authorize any reverse split in
2015." He added, "Moreover, the Board felt that our results
for 2014, and those for the first quarter 2015 when announced,
along with our ongoing efforts to further grow the Company, will
help build the value of our common stock over the year. In other
words, over time, we believe we don't need to reverse split our
stock to have its value increase, we can accomplish this by
demonstrating the growth of the Company."
About Vapor Group, Inc.
Vapor Group, Inc., www.vaporgroup.com, is in the business of
designing, developing, manufacturing and marketing high quality,
vaporizers and e-cigarette brands which use state-of-the-art
electronic technology and specially formulated, "Made in the USA"
e-liquids, with and without nicotine. It offers a range of
products with unique e-liquid flavors that is unmatched in our
industry. Its products are marketed under the Vapor Group, Total
Vapor, Vapor 123, and Vapor Products brands. It sells nationwide
through distributors, wholesalers and directly to consumers through
its own websites and direct response advertising. In addition,
Vapor Group owns and operates VGR Media, Inc., www.vgr-media.com, a full service interactive
advertising agency, offering customized performance marketing
solutions to help marketers of consumer products acquire new
customers and maximize their return on investment. VGR Media
operates in the U.S. and internationally.
Vapor Group is committed to providing e-cigarettes that are
convenient and economical to use, safer and healthier than
traditional smoking, and which provide a flavorful, enjoyable
smoking experience.
Vapor Group is managed by a highly experienced team of
executives committed to responsible business policies and
practices, including the marketing of our products only to those
eighteen years of age or older, not making or avoiding claims about
our product health benefits, and fulfilling the requirements of all
applicable laws and regulations.
Safe Harbor Statement:
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934. Certain
statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance or achievements, and
may contain the words "estimate", "project", "intend", "forecast",
"anticipate", "plan", "planning", "expect", "believe", "will
likely", "should", "could", "would", "may" or words or expressions
of similar meaning. Such statements are not guarantees of future
performance and are subject to risks and uncertainties that could
cause the company's actual results and financial position to differ
materially from those included within the forward-looking
statements. Forward-looking statements involve risks and
uncertainties, including those relating to the Company's ability to
grow its business. Actual results may differ materially from the
results predicted and reported results should not be considered as
an indication of future performance. The potential risks and
uncertainties include, among others, the Company's limited
operating history, the limited financial resources, domestic or
global economic conditions -- activities of competitors and the
presence of new or additional competition and conditions of equity
markets.